Commodity Futures Ban In India Should End November 30

In a misguided decision to suspend futures trading on rubber, chana, soyoil and potatoes, the Indian government has hurt two of the three major commodity exchanges in the country.

With there being no proof that traders had anything to do with increased food prices, chairman of the Forwards Markets Commission, B.C. Khatua, says he believes the suspension will be lifted on November 30.

India will have to make a decision to allow unimpeded trading if they want to be a serious global player in commodities.

The suspension of trading reveals they don't have an understanding on how markets work. Foreign investors won't consider them reliable if they step in when prices go beyond their desired range.